Common use of General Maintenance Clause in Contracts

General Maintenance. The LLC will establish and maintain a Capital Account for each Member. A Member’s Capital Account balance (“Capital Account Balance”) will be: (1) increased by: (i) the amount of any money the Member contributes to the LLC’s capital, and (ii) the Member’s share of the LLC’s Profits and any separately stated items of income or gain; and (2) decreased by: (i) the amount of any money the LLC distributes to the Member, and (ii) the Member’s share of the LLC’s Losses and any separately stated items of deduction or loss.

Appears in 5 contracts

Samples: Limited Liability Company Operating Agreement (Cf Fund Ii, LLC), Operating Agreement (Cf Fund Ii, LLC), Limited Liability Company Operating Agreement (Cf Fund Ii, LLC)

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General Maintenance. The LLC Company will establish and maintain a Capital Account for each Member. A Member’s Capital Account balance (“Capital Account Balance”) will be: (1) increased by: (i) the amount of any money the Member contributes to the LLCCompany’s capital, and (ii) the Member’s share of the LLCCompany’s Profits and any separately stated items of income or gain; and (2) decreased by: (i) the amount of any money the LLC Company distributes to the Member, and (ii) the Member’s share of the LLCCompany’s Losses and any separately stated items of deduction or loss.

Appears in 4 contracts

Samples: Limited Liability Company Operating Agreement (PFG Fund V, LLC), Limited Liability Company Operating Agreement (PFG Fund V, LLC), Limited Liability Company Operating Agreement (PFG Fund V, LLC)

General Maintenance. The LLC Company will establish and maintain a Capital Account for each Member. A Member’s 's Capital Account balance (“Capital Account Balance”) Balance will be: (1) increased by: (i) the amount of any money the Member contributes to the LLC’s Company's capital, ; and (ii) the Member’s 's share of the LLCCompany’s Profits and any separately stated items of income or gain; and (2) decreased by: (i) the amount of any money the LLC Company distributes to the Member, ; and (ii) the Member’s 's share of the LLCCompany’s Losses and any separately stated items of deduction or loss.

Appears in 2 contracts

Samples: Limited Liability Company Operating Agreement (Circle of Wealth Fund III LLC), Limited Liability Company Operating Agreement (Circle of Wealth Fund III LLC)

General Maintenance. The LLC Company will establish and maintain a Capital Account for each Member. A Member’s Capital Account balance (“Capital Account Balance”) will be: (1) increased by: (i) the amount of any money the Member contributes to the LLCCompany’s capital, and (ii) the Member’s share of the LLCCompany’s Profits and any separately stated items of income or gain; andand LIMITED LIABILITY COMPANY OPERATING AGREEMENT PFG Fund V, LLC (2) decreased by: (i) the amount of any money the LLC Company distributes to the Member, and (ii) the Member’s share of the LLCCompany’s Losses and any separately stated items of deduction or loss.

Appears in 2 contracts

Samples: Limited Liability Company Operating Agreement (PFG Fund V, LLC), Limited Liability Company Operating Agreement (PFG Fund V, LLC)

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General Maintenance. The LLC will establish and maintain a Capital Account for each Member. A Member’s Capital Account balance (“Capital Account Balance”) will be: (1) increased by: (i) the amount of any money the Member contributes to the LLC’s capital, ; and (ii) the Member’s share of the LLC’s Profits and any separately stated items of income or gain; and (2) decreased by: (i) the amount of any money the LLC distributes to the Member, ; and (ii) the Member’s share of the LLC’s Losses and any separately stated items of deduction or loss.

Appears in 2 contracts

Samples: Limited Liability Company Operating Agreement, Limited Liability Company Operating Agreement

General Maintenance. The LLC will establish and maintain a Capital Account for each Member. A Member’s 's Capital Account balance (“Capital Account Balance”) will be: (1) increased by: (i) the amount of any money the Member contributes to the LLC’s 's capital, ; and (ii) the Member’s 's share of the LLC’s Profits and any separately stated items of income or gain; and (2) decreased by: (i) the amount of any money the LLC distributes to the Member, ; and (ii) the Member’s 's share of the LLC’s Losses and any separately stated items of deduction or loss.

Appears in 1 contract

Samples: Operating Agreement (Sachem Capital Corp.)

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